A death sentence for a young businesswoman chills entrepreneurs
15th April 2011
What she was convicted of was raising and pooling money outside the official system, which is common among Chinese entrepreneurs. There has been much speculation about why she was singled out. Perhaps it was that her promises to investors of annual returns of up to 80% seemed just too good, to the authorities, to be genuine. It is also possible that she lent on the money she received at even higher rates, and the borrowers, unable to pay, used their political connections to have her arrested.
Uh, guys? They’re still Communists.
April 16th, 2011 at 03:36
Damn, and I’d sent her a copy of “How make friends and influence people”.
Actually, I’d have no problems with the both the borrowers and the lender enjoying the same justice. One too stupid to see the problems coming her way, the others too stupid to see the problems heading their way.